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News

Weak Commodity Prices a Concern in Latest John Deere ABS

While historical losses for this agricultural equipment leases have been low, Fitch is concerned that farm income could be negatively impacted if commodity prices remain low for an extended period of time. This risk is exacerbated by the high concentration of agricultural equipment leases in the deal: 75%.

Opportun Completes 3rd Securitization of Consumer Loans

The Redwood City, Calif. company closed on the issuance of $112 million of two-year bonds secured by a pool of its installment loans in January.

Equipment Lessors Launch Three Deals Totaling $1.7B

Ascentium's deal is backed by small ticket equipment; CNH Capital's is backed by agricultural and construction equipment; GE Capital

Ocwen to Sell $9.8B Servicing Portfolio to Nationstar

Ocwen Financial has tentatively agreed to sell a mortgage-servicing portfolio on $9.8 billion of loans to Nationstar Mortgage Holdings, and Ocwen hinted that more deals may be in the offing

ABS Vegas: T REX Eyes 1st U.S. Commercial Solar Deal

Chief executive Benjamin Cohen said the deal would be backed by a diverse mix of solar assets that have offtake agreements with investment grade utilities. He did not identify the sponsor or indicate how soon the deal might come to market.

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Articles

Volcker Rule Extension for CLOs Comes with Big Catch

A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.

CLO Pros See No Letup in Demand

Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.

Babson CEO Finke: CLOs Often Unfairly Judged

Finke says the industry needs to address the lack of understanding about its performance and role in the economy.

Cutting Solar Funding Costs

Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.

Still No Volcker Relief for CLOs

Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.

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